Hourly Update

(Last Updated September 30, 2022 1:43 GMT)

Currently, NZDCHF’s rate is up 8 pips (0.14%) from the hour prior. The hourly chart shows that Nzdchf has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on NZDCHF. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NZDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for NZDCHF, which started today off at 0.55827865, down 8 pips 0.15% from the day prior. Relative to other instruments in the Forex asset class, NZDCHF ranked 31st the day prior in terms of percentage price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 10 out of the past 14 days. And for candlestick traders, a special treat: there are doji and Pin Bar Patterns showing up on the charts as well. Rejoice!

The post NZD/CHF Up 8 Pips in Last Hour, in a Downtrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart appeared first on CFDTrading.